Form 3 Filing for POPULAR, INC.

This filing is a Form 3, a Statement of Initial Beneficial Ownership of Securities, for Israel Velasco, an insider at POPULAR, INC. The filing indicates that Mr. Velasco, an Executive Vice President, will hold 4505.741 shares of common stock following the transaction. The filing also includes a Power of Attorney document, appointing legal representatives to execute and submit necessary filings on behalf of Mr. Velasco. This power of attorney covers EDGAR account management and the preparation and submission of Forms 3, 4, 5, and 144 related to POPULAR, INC. securities, as required by the Securities Exchange Act of 1934 and the Securities Act of 1933. Mr. Velasco acknowledges that the attorneys-in-fact are authorized to act at their discretion and that he remains responsible for compliance with reporting requirements.